Tesla cars have gotten a lot cheaper overnight | Mashable.

Tesla cars have gotten way cheaper overnight

How does $20k less for a Model Y sound?

Tesla is making sure its inventory doesn't pile up this quarter. Credit: Picture Alliance / Getty Images

Tesla(opens in a new tab) has significantly reduced the prices of its cars, both in the U.S. and Europe. The price cuts appeared on Tesla's website on Thursday, without any announcement from Tesla or its CEO Elon Musk.

Right now, the Tesla Model 3(opens in a new tab) starts at $43,990, down from $46,990 just days ago. The Tesla Model Y(opens in a new tab) starts at $52,990, down from $65,990.

Both vehicles now qualify for the $7,500 U.S. Federal Tax credit, meaning U.S. buyers can shave that amount off the price, too (the Model Y was previously too expensive to qualify for the credit). This means you can now get a Tesla Model Y(opens in a new tab) for just $45,490, a clean $20,500 less than what it cost two days ago.

Tesla Model Y
That's a big price reduction. Credit: Tesla

Tesla's high-end models have also gotten cheaper. The Tesla Model S(opens in a new tab) now starts at $94,990, while the Model X(opens in a new tab) starts at $109,990.

Prices have gone down significantly in other European markets. In the UK, the cheapest Tesla Model 3(opens in a new tab) now starts at £42,990 ($52,511), a £5,500 ($6,713) reduction. In Germany, the starting price for the Tesla Model 3 is €43,990 ($47,596), a €6,000 ($6,492) reduction. The prices have similarly been slashed in other European markets.

The price reductions come after a period in which Tesla often increased the prices of its cars amid a massive demand that saw waiting times increase to months or even years for certain models. The first signs that the tide is changing, ahead of a potential recession, were significantly reduced wait times in Nov. 2022, as well as discounts on some new models in Dec. 2022. The latest cuts are likely Tesla's attempt to boost sales. The company is expected to implement a hiring freeze and lay off more workers in the first quarter of 2023.

More in Tesla

Comments

  1. Nah I’ll keep my loud aggressive V8

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  2. Sounds pretty good 🙂 but let’s not forget they did see a price hike overnight as well in the past.

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  3. Does come with Twitter channel instead of Netflix? If yes, than I won’t buy it.

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  4. They are sleek and quiet, but I'm not the kind of person to use a "self driving car", but some certainly will benefit from this cost cut

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  5. Sounds like my resale value is f#cked.

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  6. Still would not ever buy one. If Musk goes , then maybe but not otherwise.

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    Replies
    1. 😂 woke customers

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    2. The cult isn't going to buy any. They hate electric vehicles.

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    3. Same I'm strictly against supporting the endeavors of Vulnerable Narcissists. It's hyper cringe some people still can't see what Elon's deal is.

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  7. " battery's not included "

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  8. Lol. Stock free fall will do that

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  9. Poor quality reviews and questionable AI.

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  10. It's like criptocurrency: up to the sky and then RIP.

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  11. If i want a car that'll crash by itself, I'll just let go of my steering wheel while driving my paid for vehicle.

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  12. Gotta get a Y!!! ❤️

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  13. I still wouldn't get one

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  14. And the one on people's driveway have suddenly lost the same or slightly less overnight adding to the average 10% they've already lost in value over the past 6 months....

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    Replies
    1. welcome to the world of a Ford owner

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  15. Still cost wayyyy to much! 🤣

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    1. https://media1.tenor.co/images/c0e6e1382e517bceb4ea0bd2996d5078/tenor.gif?c=VjFfZmFjZWJvb2tfd2ViY29tbWVudHM&itemid=10398172

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  16. Is the child-killing feature of the Self Driving extra, or is that part of the original package?

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  17. If the pricing can be reduced so much so quickly it tells you how much we're being ripped off by the current EV trend.

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    Replies
    1. lmfao you were not ripped off other companies joined the trend and started being competitive with tesla.

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    2. not at all, cost of components that were in short supply due to Covid has dropped.

      Look at the price of computer components over the same period!

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    3. of course, the prices reduced overnight, hence the reduction in retail price overnight! 😂

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    4. you've clearly never worked in manufacturing. You buy components at a set price over a period and are contracted to the duration and amounts specified on that contract. If you continue to fluctuate your pricing based on certain supply price changes your retail divisions and customers wouldn't cope with what's happening. Fact is the cost of electrical components has dropped considerably over the past 6 months as normality has returned to the market so Tesla has dropped their pricing nearer to where it was originally.

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    5. ah the typical 🔔🔚 ' s response.

      Oxygen Thief....

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  18. Imagine what that means when trying to resell a used Tesla

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  19. What happen to the buyers who just bought it last month? It is almost like they lost $20K overnight? This is how Elon treated his buyer? This really tells that he does not give a sh....t about anyone.

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    Replies
    1. I took delivery in October, and will definitely look elsewhere for my next EV when it’s time to get another car.

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    2. THIS is what told you that? 😂🤣😂🤣

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    3. happened the other way too where earlier buyers got theirs cheaper than later buyers….

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  20. Then they jack the price of the battery 20k

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    Replies
    1. Yep, the same techniques used by printer companies to sell toners and ink cartridges.

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  21. Sorry would not have one if they were $20,000.00 out the door

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  22. Not cheap enough for me. Not even a good looking car

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  23. Im not part of the mainstream social mass formation psychosis. I totally love and respect Elon. But the technology isnt there yet for my needs.

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  24. Replacing a battery in a Tesla costs 20K.

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  25. I wouldn’t take one if it was free.

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  26. Keep the Musk mobile, I won't line that asshats pockets!

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  27. Poor 2022 buyers 😉

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  28. Welcome to the “free market”, and it’s volatility.

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  29. https://www.businessinsider.com/tesla-charging-monthly-fee-for-extra-features-bmw-mercedes-cadillac-2021-7?amp

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  30. $7,500 of that amount is due to the tax credit

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  31. Where exactly did you get “$20k” from, Malleable?

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  32. Sounds like Tesla is going to get crushed by the competition.

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    Replies
    1. until Apple launch their EV, I’ll definitely buy one! 

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  33. Like I’m still supporting the cult of Elon. No thanks.

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  34. you've never seen this before from the legacy industry? Like every fall where last year's stock gets "blown out" at huge savings?
    You're clutching your pearls too tightly 😁

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  35. Junk from a pos fascist

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  36. Given the time of year that it is highly unusual to have such a cut as theese things happen at the end of the year model year to clear out old stock. Could be an indicator that some see the writing on the wall at the company that Musk has now been seen for what he really is. So now many eople who were in the market for EV simply won't buy a Tesla vehicle because they are buying something from a Musk company and couple that with the emergence of a lot of really good and lower price alternatives on the market. So a rapid uptick in sales could re-bump up the stock price while they try to convince Musk to get out twitter, etc... but the damage is probably is already done.

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  37. Lol...keep f@cking around and find out.

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  38. Not as good as a 8.1l big block...

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  40. Yeah, the build quality has gotten very cheap.

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  41. Because it was overpriced in the first place

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  42. Most technology FAILURE in the past 20 years 😫😫😫

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  43. Very nice. Just lost $12 000 🤑🤬

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  44. More reasonable than dropping $60k on a model 3 to save money on #gas

    https://imgur.com/a/lv7lfNK

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  45. I fail to see why it matters . It's still way overpriced for the average driver. And in truth, the only fundamental reason every other manufacture even tries to compete with TSLA is because the govt is making them do it. That ought to say everything about the state of EV's

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    Replies
    1. Look at Camrys they're like 30k everything is ridiculous now

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  46. I wouldn't take one for free. Muskrat has ruined the brand. Fascist mobiles.

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  47. Ich hab eine Ahnung, woran das liegt:
    Model Y haben weder Radar- noch Ultraschallsensoren und der "Visions only"-Ansatz ist gescheitert. Neue Modelle kriegen wieder Radar. Zufällig ab Mitte Januar. Das ist die Resterampe.

    Wer auf #Tesla reingefallen ist:

    https://kleinfee.com/tesla/

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  48. Pricing power, ICE Legacy Auto is screwed

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  49. Still can’t afford it.

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  50. Combustible maga hat at any price

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  51. Like a lot of people got fucked and the guy that did it, would find away to fuck me too..

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  52. What about all the current owners who are seeing the value of their shitty cars crashing overnight? Fuck them I guess?

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  53. So you're saying high prices are a choice? It's not some mysterious function of the "free market"?

    Absolutely nothing changed in the production of the Model Y, but they lowered the price by just making a decision to lower the price on an already overpriced car.

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  54. Slashing prices due to lack of demand. #teslaPriceDrop

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